🩸🩸 U.S. bank stocks collapse today and the reason is Donald Trump
🩸 U.S. bank and financial services stocks saw sharp declines during Monday's trading, following President Donald Trump's announcement of his intention to impose a temporary one-year cap on credit card interest rates at a level not exceeding 10%.
🩸🩸 The move, presented by Trump as a step to protect consumers from "exploitation," has sparked widespread concern among investors about the future profitability of the banking sector and its ability to price credit risk as 2026 begins.
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